Galaxy Resources Limited provided the following clarifications regarding the metal equivalents reported in the ASX announcement titled Galaxy Delivers Maiden Reserve Estimate at Sal De Vida dated 10 April 2013. The method used for the reserve calculation is different to the methodology used in calculating the resource which consisted of: characterisation of the mineral grade dissolved in the brines and characterisation of the host aquifer drainable porosity that contains the resources. The resource calculation estimates the total amount of brine, and therefore lithium and potassium in storage that could be theoretically drained in the entire mining concession The reserve calculation focuses on the potential for retrieval of lithium and potassium via well field pumping in selected areas where pumping at relatively large rates has been demonstrated. Because the brine is a mobile fluid, it is necessary to utilize a calibrated numerical groundwater flow model, respective of fluid density, to project future well field production and projected future brine grade. The numerical groundwater flow model projections were used to calculate total lithium and potassium to be extracted from the proposed Southwest and East well fields for a period of 40 years. The model projections indicate that each of the proposed well fields will be able to produce a reliable quantity of brine at an average annual rate of 30,000 m3/d. The average grade at start-up is expected to be about 810 mg/L of lithium and 9,100 mg/L of potassium. The average grade after 40 years of pumping is projected to be 590 mg/L of lithium and 6,700 mg/L of potassium due to projected dilution from brackish water.

Galaxy Resources Ltd. announced production results of Jiangsu Lithium Carbonate plant for April 2013. The production totalled 650 tonnes in April 2013, average daily production, excluding scheduled outage in the month was 28 tonnes per day, representing 60% of the Plant's design output. April's production marks a significant improvement on the previous month, where Galaxy recorded total production of 425 tonnes, with average production rates of 14 tonnes a day. Product sales in April totalled 575 tonnes of battery and technical grade product. Sales revenue was AUD 3.5 million. Production cost for Jiangsu, was around AUD 2.5 million for April, which means on a purely cash inflow and outflow basis, the operation generated positive inflows for the month.

Galaxy Resources Ltd. announced that the directors Dr. Yuewen Zheng, Non-Executive Director; Mr. Shaoqing Wu, Non-Executive Director; Mr. Michael Spratt, Independent Director; Mr. Charles Whitfield, Executive Director have decided not to stand for re-election at the 2013 Annual General Meeting.